Insight Venture Partners Invests Big in Alteryx
October 31, 2014
The press release on Digital Journal titled Alteryx Secures $60 Million in Funding to Meet Growing Global Demand for Data Blending and Advanced Analytics announces the Insight Venture Partners investment in Alteryx. Jeff Horing, managing partner at Insight Venture Partners, expressed his excitement at the deal in the release,
“Empowering analysts to use all the data available to them, while also making it easy for data analysts to produce advanced analytics is enabling Alteryx to expand its total addressable market through increased user adoption and greater demand for its product…”
According to another article titled Data ‘Blending’ Firm Alteryx Gets $60m Investment on mrweb states that Horing will be joining Alteryx’s Board of Directors. Alteryx CEO Dean Stoecker was also quoted in the article,
“We are thrilled to have a firm like Insight Venture Partners join our team… This latest funding round … will allow us to deliver continuously enhanced personal data blending and analytics experiences to even more analysts.”
Sounds like everyone involved is overjoyed at this investment. Alteryx already holds an impressive list of customers including DataSift, Slalom Consulting and Cloudera. Insight Venture Partners is a venture capital firm founded in 1995 that has raised over 8 billion dollars and invested in more than 200 companies globally. A match made in heaven, if you picture heaven as a huge pile of money.
Chelsea Kerwin, October 31, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
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